Asked by Pablo Porcayo on Jun 17, 2024
Verified
Kay and Lease-Away Inc. enter into a bailment involving the delivery of a moving van to Kay for her use. Unless stated otherwise, the agreement assumes that Kay will
A) return the van.
B) return the van or its equivalent.
C) retain the van.
D) none of the choices.
Moving Van
A large vehicle used for transporting household possessions during a move from one residence to another.
Bailment
A legal relationship where physical possession of personal property is transferred from one person to another under the agreement that the property will be returned or otherwise disposed of according to the owner's instructions.
- Understand the entitlements and duties of bailors and bailees in mutually beneficial bailment agreements.
Verified Answer
CR
Christopher RogersJun 22, 2024
Final Answer :
A
Explanation :
In a bailment, the bailee (in this case, Kay) is expected to return the bailed property (the moving van) to the bailor (Lease-Away Inc.) after the agreed period or purpose of the bailment is completed.
Learning Objectives
- Understand the entitlements and duties of bailors and bailees in mutually beneficial bailment agreements.